China is laughing because US pensioners will have paid trillions to train all these AI models whose weights can be distilled and open sourced trivially.
Giving Silicon Valley political power is going to cost the United States enormously, starting with the pensions who will be left holding the bag after the AI bubble bursts.
Even AI companies talk about the situation as a bubble. But the idea is this is akin to the railroad bubble or the Internet bubble. Basically, you the "frothy" development of a new technology in which you will certainly many losers but also a few massive winners. Moreover, "how do you monetize it" is not as much of a question as in dot com era.
Not that things are guaranteed. But the argument that a smart speculative investor should be in AI somewhere seems convincing. It's certainly "overheated" the economy but a correction based on overheating doesn't discredit things, it just shakes thing up allows the highest quality plays to double down however many months later.
Giving Silicon Valley political power is going to cost the United States enormously, starting with the pensions who will be left holding the bag after the AI bubble bursts.
Not that things are guaranteed. But the argument that a smart speculative investor should be in AI somewhere seems convincing. It's certainly "overheated" the economy but a correction based on overheating doesn't discredit things, it just shakes thing up allows the highest quality plays to double down however many months later.